Dutch dairy firm FrieslandCampina has recorded a decline in operating profit to €269 million in the first half of 2026, compared with €363 million last year, amid falling prices for dairy products. Operating cash flow reached €292 million in the first half of 2026, compared with €43 million in the first half of 2025. FrieslandCampina saw strong growth in the protein segment and high value-added products, partly offsetting the negative impacts of lower basic dairy prices. Divisional PerformanceFrieslandCampina also reported volume growth in its Professional and Retail & Americas business group, although results declined due to price pressure. ADVERTISEMENTOutlookFor the second half of 2026, FrieslandCampina expects continued volume growth and improved results, driven primarily by the protein segment.